Best & Cheapest Homeowners Insurance in Mobile, AL 2024

State Farm has the cheapest homeowners insurance rates in Mobile. With average annual premiums of $1,715.

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Updated: 15 March 2024
Written by
Bob Phillips
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In our comprehensive review of homeowners insurance providers in Mobile, Alabama, State Farm emerges as the most budget-friendly option. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.

For instance, if your credit score has taken a hit, Nationwide stands out as the most economical choice. In contrast, if your home is on the older side, State Farm rises to the top with its competitive rates and comprehensive coverage.

On the other hand, if you’re the proud owner of a newly constructed home, Allstate offers the most cost-effective solution. And for those who’ve had a history of claims, Farmers provides an affordable and understanding solution.

Last, if you possess a wealth of personal property that needs protection, State Farm again proves to be your best bet, offering extensive coverage at reasonable rates.

Our in-depth analysis at Insuranceopedia is designed to guide you toward the perfect fit for your homeowners insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we will provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in Mobile, AL?

State Farm offers the most affordable rate at $1,715 annually. However, Farmers and Allstate aren’t far behind, with annual premiums of $1,825 and $1,896 respectively. Nationwide is slightly more expensive, with an annual premium of $1,996.Travelers, on the other hand, stands out with a significantly higher annual premium of $7,047.

It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.

For instance, your personal driving history plays a pivotal role; a record filled with traffic violations or accidents will likely lead to higher premiums than a clean slate. The type and model of your vehicle also come into play, as high-performance or luxury cars typically cost more to insure.

Your geographical location can impact your rates, too, with densely populated urban areas generally facing higher rates due to increased risk of theft or accidents. Even your age and marital status can influence your car insurance premiums.

Area Average Monthly Rate
National $1,820
Alabama $2,385
Mobile $2,212

Best and Cheapest Homeowners Insurance in Mobile, AL

Our Methodology

To find the cheapest home insurance rates in Mobile, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

24

Brands Reviewed

15+

Years Of Experience

40+

Research Hours

Cheapest Overall Home Insurance In Mobile, AL

State Farm emerges as the cheapest overall option for homeowners insurance in Mobile, AL, with an average annual rate of $1,715.

The cost of your policy is influenced by many factors, including location, home value, and your claims history. State Farm offers a balanced blend of affordability and comprehensive coverage.

Company Annual Premium
State Farm $1,715
Farmers $1,825
Allstate $1,896
Nationwide $1,996
Travelers $7,047

Cheapest home insurance If You Have Poor Credit

If your credit score isn’t stellar, Nationwide provides the most affordable solution, with an average annual rate of $3,653. Your credit score can significantly impact your insurance rates as it’s a key factor insurers consider when calculating risk. Nationwide understands that everyone deserves fair coverage, regardless of their financial past.

Insurance Company Average Annual Premium
Nationwide $3,653
State Farm $3,861
Farmers $4,617
Allstate $4,796
Travelers $23,322

Cheapest Home Insurance If You Have an Older Home

For those with older homes, State Farm offers the cheapest rates, averaging $6,661 per year. Older homes often come with unique risks and maintenance issues, which can drive up insurance costs. State Farm offers competitive rates and comprehensive coverage tailored to meet the needs of older homes.

Insurance Company Average Annual Premium
State Farm $6,661
Allstate $7,760
Farmers $9,338
Nationwide $10,132
Travelers $21,038

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’re the proud owner of a newly constructed home, Allstate offers the most cost-effective solution, with an average annual rate of $1,211. New constructions often require different coverage compared to older homes, and Allstate excels in providing affordable policies tailored to these specific needs.

Insurance Company Average Annual Premium
Allstate $1,211
Farmers $1,245
Nationwide $1,309
Auto-Owners Insurance $1,513
Travelers $2,672

Cheapest Homeowners Insurance for a History of Claims

For homeowners with a history of claims, Farmers provides an affordable solution, with an average annual rate of $2,083. A history of claims can raise red flags for insurers, often leading to higher premiums. However, Farmers believes in second chances and offers reasonable rates for those with past claims.

Insurance Company Average Annual Premium
Farmers $2,083
Nationwide $2,445
Allstate $2,694
COUNTRY Financial $2,855
Travelers $8,292

Cheapest Home Insurance for Lots of Personal Property

If you have a wealth of personal property, State Farm offers the cheapest rates, with an average annual rate of $6,661 (rates below are for a high-value home insured for $750K). The more personal property you have, the higher your coverage needs, which can increase premiums. State Farm provides extensive coverage at reasonable rates, ensuring all your belongings are adequately protected.

Insurance Company Average Annual Premium
State Farm $6,661
COUNTRY Financial $7,061
Allstate $7,760
Farmers $9,338
Nationwide $10,132

Best Homeowners Insurance Companies in Mobile, AL

In the heart of Dixie, choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history and a diverse cultural heritage, Mobile’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes paramount.

To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Mobile, AL. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below and find the perfect fit for your home insurance needs.

Ranking Company Annual Premium
1 State Farm $1,715
2 Farmers $1,825
3 Allstate $1,896
4 COUNTRY Financial $1,996
5 Nationwide $1,996
6 Auto-Owners Insurance $2,040
7 Travelers $7,047

Average Home Insurance Rates by Zip Codes

The cost of homeowners insurance in Mobile, AL can vary significantly based on the zip code. Below are tables showcasing rates for different zip codes in Mobile, along with the five cheapest and most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
36605 $2,134
36617 $2,113
36610 $2,081
36602 $2,288
36608 $2,255

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
36610 $2,081
36612 $2,111
36617 $2,113
36611 $2,126
36605 $2,134

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
36695 $2,297
36602 $2,288
36604 $2,272
36608 $2,255
36693 $2,251

Average Home Insurance Rates in Mobile, AL by Deductible Amount

The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Mobile, AL. Here’s how the average home insurance rates fluctuate with insurers for different deductible amounts:

Insurer $500 Deductible $1,000 Deductible $1,500 Deductible
State Farm $1,852 $1,715 $1,496
Nationwide $1,996 $1,996 $1,870
Farmers $2,029 $1,825 $1,610
Allstate $2,051 $1,896 $1,782
Auto-Owners Insurance $2,112 $2,040 $1,909

Average Home Insurance Rates in Mobile, AL By Coverage Amount

One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed. Let’s take a closer look at a comparison chart that outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $1,390
$250,000 $1,428
$300,000 $1,754
$350,000 $1,812
$400,000 $1,970

Average Home Insurance Rates in Mobile, AL by Company

Here’s a comparison table showcasing annual premiums from some of the top providers in Mobile, Alabama:

Company Annual Premium
State Farm $1,715
Farmers $1,825
Allstate $1,896
Nationwide $1,996
Travelers $7,047

How Much is Homeowners Insurance for Other Cities in Alabama?

The following is a  detailed comparison chart that showcases the cheapest companies and their annual premiums across various cities in Alabama.

City Cheapest Company Annual Premium
Birmingham Farmers $1,886
Huntsville Farmers $1,370
Mobile State Farm $1,715
Montgomery Nationwide $1,413

Getting Online Homeowners Insurance Quotes in Alabama

With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance. Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements.

This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Mobile, AL?

The cheapest home insurance in Mobile, Alabama, is provided by State Farm, with an annual premium of $1,715.

What is the average cost of home insurance in Mobile, AL?

The average cost of homeowners insurance in Mobile, Alabama, is approximately $2,212 per year.

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